All Articles Published: July 2008

Regular reader motoman has been kind enough to share with us a report of a recent trip. Here's Moto:

"What follows is a fairly lengthy report about a fairly mundane trip (certainly not up to Mike E standards, but then, who could top that? ;-) It's roughly chronological but each paragraph has its own subject, so feel free to follow along, skip ahead, or skip completely as you prefer, after the jump."

According to the Company: "Net revenues for the second quarter of 2008 were $825.2 million, compared to $687.5 million in the second quarter of 2007. The revenue increase was driven primarily by a 50.3% increase in revenues at Wynn Macau."

Greenspun owned Vegas.com has launched a mobile site for cell phones and smart phones featuring show and event info, as well as some hotel and restaurant data. They also have a text messaging interface for some cell data.

It seems like a reasonable first effort, though the mobile site does require a ton of link clicking/tapping to get to the goods. I expect it to improve and maybe someday be the primary driver of their business.

Anyone that's followed this site for any period of time knows that I'm pretty bullish on mobile for stuff like this. I've had a cell phone/BlackBerry site for 2 years, an iPhone optimized site for one year and in maybe a month or so, a native iPhone app that integrates with the GPS for even more 'wow' factor (I was just going over icons with the designer today).

Today's Wall Street Journal (subscription required) has a great article on Sam Nazarian, new owner of The Sahara.

He wants to provide a superior experience, even for guests priced out of the market by the swing to luxury offerings - he plans rooms at about $200 a night. That doesn't mean implosion - he wants to work with the canvas he has, while adding to it and improving it.

LVS is asking for a time extension on its approval to build a new Convention Center. The Agenda item says LVS is in the process of obtaining permits, but could the economy be a reason?Las Vegas Sands Convention Center

My friend Steve Friess posted a story on his blog about a supposed "hack" at MGMGrand.com that supposedly offered illegitimate low rates to customers.

Based on the email that went out afterwords, MGM Grand handed this poorly.

Also, I agree with Steve - based on all I know from years of building Web applications for e-commerce, this sounds like BS to me... If it is true, they were likely penetrated extremely deeply, which would be even worse. Just own the mistake and honor the rates already!

Operating income at Wynn Las Vegas is expected to be $18-22 million, down from $63.4 million last year. Wow, big drop. Looks like they are blaming it on lower hold percentages, lower ADR, and lower occupancy.

On the other end, Wynn Macau did much better than last year it seems with operating income almost doubling to $100 million or so.

I also need to give a big round of applause to Steve Friess for help with getting things setup, The Palms for hosting the event and taking a chance on a new idea, and to Chuck at VegasTripping.com for designing the fantastic info page.

Please, check out the page above and consider coming to the show - we really want a strong, lively audience there at The Palms.

I used to stay at TI all the time and I used to recommend it as a great value. That was before the hotel went through massive transformations a few years back... The rates have gone up so it's less affordable than it was but there are still some good things about TI. I really like Isla and I am interested to try Social House. Mystere is still a show I recommend all the time.